Market: China’s Industrial Strength Supported Stock Courses in Asia

In Asia, the stock markets were largely strengthened during the first trading day of the week.

At the time of the review, the Chinese CSI 300 index was 0.1 % down, the Hong Kong Hang Seng index is 0.0 % rising and the Tokyo Stock Exchange’s Nikkei index was 1.6 %. The Korean Stock Exchange is closed on Monday due to local free.

The Asian market will be followed this week US President Donald Trump the entry into force of customs duties. The customs duties set on Trump Canada and Mexico are expected to enter into force on Tuesday, March 4. The amount of customs duties has been proposed at 25 %, albeit with the US Minister of Trade Howard Lutnick comment Fox Newsille On Sunday, the number has not yet been beaten in stone. According to Lutnick, the 10 % customs charge for China is certain. China is also planning retaliations for US customs.

In Asia, investors also monitor the indian stock market reaction after the country reported on GDP to grow to grow after seven invoices. India’s economic growth in the last quarter of 2024 was 6.2 per cent of the year. In the previous quarter, growth was 5.6 per cent.

Chinese industry production grew to read 50.8 in February, the fastest pace for three months. According to information released on Saturday, China’s Purchasing Manager index rose to read 50.2, compared to 49.1 in January. In February, the Purchasing Manager index cleaned from the industry rose to 50.4 from 50.2 January.

On Tuesday, China will begin the so -called invitations for two session meetings, which investors follow closely to obtain information about the economy and politics. The meeting will discuss, among other things, economic growth targets, financial policy and recovery measures. China is expected to keep GDP growth target at the previous year at 5.0 %.

The crypto market was strengthened as Trump named the cryptocurrencies included in the strategic reserve. They include Bitcoin, Ether, XRP, Solan and Cardano. Bitcoin rose more than 10 percent after the news.

At 8.12, one euro received $ 1.04, $ 156.54 yen, £ 0.83 and € 11.17 Swedish. The dollar got 150.32 yen and the pound got $ 1.26.